9 years ago
Why I Defaulted on My Student Loans
ONE late summer afternoon when I was 17, I went with my mother to the local bank, a long-defunct institution whose name I cannot remember, to apply for my first student loan. My mother co-signed. When we finished, the banker, a balding man in his late 50s, congratulated us, as if I had just won some kind of award rather than signed away my young life. By the end of my sophomore year at a small private liberal arts college, my mother and I had taken out a second loan, my father had...
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